iCrowdNewswire Dec 2, 2020 8:26 AM ET
Somatropin is a human growth hormone indicated for the treatment of growth hormone deficiency in adults and children. Also, it is used for treatment of Prader-Willi syndrome, Chronic Renal Insufficiency, Turner syndrome Turner syndrome, and others. Somatropin stimulates tissue growth, and protein, lipid, carbohydrates and mineral metabolism in the body.
Rise in approvals of somatropin products by regulatory authorities such as USFDA (Food and Drug Administration) is the key driving factor which is expected to boost the global somatropin market growth. For instance, in July 2018, U.S. Food and Drug Administration had approved ZOMACTON, a Somatropin injection of Ferring Pharmaceuticals Inc, for additional pediatric indications such as Idiopathic short stature (ISS), Growth failure in short stature homeobox-containing gene (SHOX) deficiency, Short stature born small for gestational age (SGA) with no catch-up growth by 2 to 4 years, and Short stature due to Turner syndrome. Furthermore, increase in prevalence of growth hormobe deficiency in children will positively contribute the market growth over the forecast period. As per article published in the Springer Nature Journal in Feb 2017, the prevalence of GHD (Growth Hormone Deficiency) in children is within range 1.8 -2.9 per 10,000 children in Europe and the U.S.
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However, key manufacturers are focused on developing advanced alternative treatments for growth hormone deficiency is the major challenging factor which is expected to hinder the global somatropin market growth. For instance, in October 2019, OPKO Health and Pfizer had announced the results of Phase III clinical trials, which was initiated to evaluate the efficacy and safety of somatrogen, which is long acting human growth hormone molecule administrated once in a week for growth hormone deficiency.
Global Somatropin Market is segmented into dosage form such as Powder, and Solvent, by application such as Growth Hormone Deficiency (GHD), Turner Syndrome, Chronic Rental Insufficiency, Prader Willi Syndrome, SHOX Deficiency, and Others. Further, market is segmented into distribution channel such as Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies.
Also, Global Somatropin Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Novo Nordisk A/S, Eli Lilly and Company, Pfizer, Inc., GeneScience Pharmaceuticals, Ipsen Inc.,Sandoz International, LG Life Sciences, Merck, Hoffmann-La Roche, and Teva Pharmaceuticals.
By Dosage Form
- Growth Hormone Deficiency (GHD)
- Turner Syndrome
- Chronic Rental Insufficiency
- Prader Willi Syndrome
- SHOX Deficiency
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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